Category Archives: Property

Marketplace Realities: Edge of a Cliff?


It’s long been common wisdom in the insurance business that whatever we say about rates should come with an asterisk. The asterisk refers to a note that says something along the lines of, “Of course, in the event of a … Continue reading →

Feeling the Heat of Wildfire Risk

US Wildfire stats

An untended campfire. A tossed cigarette. A trash fire on a windy day. These are some of the typical sparks of wildfires. But the real source is seasonal dryness exacerbated by drought, which experts now say is being fueled by … Continue reading →

Rate Reductions of Up to 30% in Construction, Property & Casualty

Willis CPC: Property Rating Trends, 2014 Q1-2

Following an unconventional 1st January treaty renewal season, the big question on the lips of corporate buyers and their advisers is how much of this reinsurance cost reduction will insurers pass on to them? Continue reading →

Do I Need Earthquake Insurance?

Earthquake house

In the United States, earthquakes are often most associated with California and Alaska. The reality is many areas across the country are susceptible to earthquake activity. Recently, we have seen earthquakes in areas thought to be “low risk,” such as … Continue reading →

Marketplace Realities: Predictions for the Season Ahead

Willis commercial rate predictions: 2014

Our new line-by-line price predictions for the insurance industry in North America coincide with the start of the baseball season, and along with baseball fans everywhere, we’re full of hope – in this case, that the marketplace will continue to … Continue reading →

Delay in Flood Rate Increases Considered in Congress

Flooded Street (yellow sign)

A non-Sandy, flood-related news story made headlines this week as several members of Congress have submitted legislation to delay flood insurance rate increases set to start this year. Continue reading →

Lessons from Hurricane Sandy: “A Wake-up Call”

Hurricane Sandy: NJ coast. A handout photograph by the US Air Force on 30 October 2012, taken during a search and rescue mission by 1-150 Assault Helicopter Battalion, New Jersey Army National Guard, in New Jersey, USA. Credit: EPA

Maybe the reason this year’s hurricane season has been so light is that last year’s gave us so much to think about. Insurers realized they were underpricing a serious exposure – “we were giving it away,” one underwriter said. Continue reading →

What’s Behind the Property Buzz in North America

Marketplace Realities: Perperty

“So rates in the property market are coming down and everyone wants to know why” begins the latest video commentary from David Finnis, National Property Practice Leader for Willis North America. Continue reading →